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risk assessment, adopt a BSA audit program and similar functions. being attained. These steps help ensure the organization’s relevance
The bottom line is that regulators are taking a renewed look at these and viability well into the future.
kinds of areas and banks should not enter into those types of
relationships without a well-structured overall risk management
process.
As these trends continue, we believe it is imperative for banks and their
boards to review their vendor relationships and seek to develop mobile
banking systems with an emphasis on the bank’s technology and mobile
banking services, to ensure customer satisfaction and convenience is
A RKANSAS | 30 | Spring 2023
COMMUNITY BANKER
